Category: Taiwan Market

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How idled car factories supercharged a push for U.S. chip subsidies

When U.S. President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected.For years, chip industry executives and U.S. government officials have…

‘Milk Tea Alliance’ activists across Asia hold rallies against Myanmar coup

BANGKOK — Activists across Asia held rallies on Sunday to support protesters in Myanmar fighting against a military coup, showing the growing influence of cross-border youth movements pushing for democracy with the rallying cry “Milk Tea Alliance.”Following a call for help from Myanmar pro-democracy campaigners, around 200 people in Taipei and…

Smart teaming up with FarEasTone

Smart Communications Inc. has teamed up with FarEasTone Telecommunications for its 5G roaming service in Taiwan. “Even as travel ground to a halt because of the pandemic, Smart remained steadfast in its dedication to provide an improved roaming customer experience,” Alice Ramos, vice president for International Roaming and Consumer at Smart. “Now,…

Economy out of recession, grows 0.4% in Q3

NEW DELHI: Growth returned to the economy in the October-December quarter of 2020-21 helping it to move out of the recession that had gripped following one of the strictest lockdowns imposed last year to ward off the spread of the Covid-19 pandemic. Data released by the National Statistical office (NSO) on Friday showed the economy grew 0.4% in the…

Economy out of recession, 0.4% growth in October-December

NEW DELHI: Growth returned to the economy in the October-December quarter of 2020-21 helping it to move out of the recession that had gripped following one of the strictest lockdowns imposed last year to ward off the spread of the Covid-19 pandemic. Data released by the National Statistical office (NSO) on Friday showed the economy grew 0.4% in the…

US senators introduce legislation to end China’s access to multiple year visa

Representative imageA legislation has been introduced by a group of influential Republican senators to end China’s access to 10-year multi-entry visas until it is certified that Beijing has ceased its campaign of economic and industrial espionage against the US.The legislation, Visa Security Act, was introduced by Senators Marsha Blackburn, Tom Cotton,…

How idled car factories super-charged a push for US chip subsidies

Ford Motor Co said a lack of chips could slash a fifth of its first-quarter production and General Motors Co cut output across North America. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.NEW YORK, Feb 27 — When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged…

Analysis: How idled car factories super-charged a push for US chip subsidies

REUTERS: When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support US$37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected.For years, chip industry executives and U.S. government officials…

Analysis: How idled car factories super-charged a push for U.S. chip subsidies

By Stephen Nellis5 Min Read(Reuters) – When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected.FILE PHOTO: U.S. President Joe…

How idled car factories super-charged a push for U.S. chip subsidies

Breadcrumb Trail Links PMN Technology PMN Business Author of the article:ReutersStephen NellisPublishing date: Feb 26, 2021  •  16 minutes ago  •  3 minute read  •  Join the conversationWhen President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in…

‘Let’s eat pineapples all together’: Taiwan’s response to China’s late …

Taiwan President Tsai Ing-wen has called on people to eat more pineapples to help farmers, saying Taiwan had been “ambushed” by a Chinese ban on the fruit, reminiscent of Beijing’s use of tariffs to sting Australia.Key points:China has recently been conducting repeated fighter and bomber drills near Taiwan’s airspaceBeijing has also over the…

Asia stocks plunge most in 11 months in broad rout, tech slumps

Asian stocks fell the most since March as losses in technology shares deepened amid a global selloff triggered by rising Treasury yields.Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and Tencent Holdings Ltd. contributed the most to losses in the MSCI Asia Pacific Index, which dropped as much as 3.2%. A gauge of the region’s technology…

Taiwan government reassures over water for chip sector

TAIPEI — Taiwan’s government has assured the public and tech industry that the nation’s water shortage issue is under control and will not affect the operation of key science parks — the heart of Taiwan’s chip manufacturing sector.The government’s reassurance came after Nikkei Asia on Thursday published a story describing the water shortage in…

China bans Taiwanese pineapples over biosafety fears

Mainland China has banned imports of pineapples from Taiwan from Monday, citing concerns about plant pests as tensions rise across the Taiwan Strait over politics, trade and coronavirus vaccine supply.Officials in Beijing said the ban was a “normal biosafety measure” but Taipei said the decision violated global trade rules and it would spend NT$1…

China pineapple ban sparks sour rebuke from Taiwan

TAIPEI: Taipei slammed a sudden Chinese ban on Taiwanese pineapples, describing the move on Friday (Feb 26) as “economic intimidation” and likening it to recent tariffs Beijing slapped on Australian wine.The trade to China – which views the island as part of its territory awaiting reunification – is worth around US$50 million, and is Taiwan’s largest…

Stocks, forex hammered by rising Treasury yields; rand, rouble gain

By Susan MathewTremors from higher U.S. real yields knocked nearly 3 per cent from emerging market stocks on Friday, setting the benchmark index for its biggest weekly fall since March 2020, while South Africa’s rand gained 1 per cent due to a recovery rally.Asian bourses fell sharply, with Taiwan, Hong Kong and India shedding more than 3 per cent….

Exclusive: Two rights groups quit Hong Kong as security law sends shudders through NGOs

By Pak Yiu5 Min ReadHONG KONG (Reuters) – At least two political rights groups advocating democracy have quietly quit Hong Kong and moved overseas, unnerved by a national security law that has fanned fears over the erosion of freedoms under China’s rule, sources told Reuters.FILE PHOTO: An airport security guard walks past a sign at the departure…

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